Hexcel $125 million notes talked at 10 1/8%-10 3/8%, pricing Friday morning

By Paul A. Harris

St. Louis, March 6 - Price talk of 10 1/8%-10 3/8% emerged Thursday on Hexcel Corp.'s planned offering of $125 million of five-year senior secured notes (B3/B), according to a market source.

The deal is expected to price on Friday morning, the source added.

Goldman Sachs & Co. is the bookrunner. Fleet Securities is co-manager.

The Rule 144A notes are non-callable for three years.

Proceeds will be used to refinance senior debt.

The issuer is a Stamford, Conn.-based structural materials manufacturer.

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